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0 answers
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Is trading forex using prop firms halal?

As we know forex trading is haram due to the fact it uses CFD and Leverage. Even with prop trading, it is considered haram because of aiding prop firms in haram. but there is a model that prop firms ...
Halim fruzi's user avatar
1 vote
1 answer
88 views

Is it halal to work at this job?

Assalam alikoum My question is related to a job I was working on through the internet before, where I was earning money thats in crypto payment method, so basically I was in the niche of NFTs, I dont ...
OMGit'sMoha's user avatar
0 votes
0 answers
14 views

Ruling of Zakat on bank balance

Is Zakat payable on the minimum bank balance within the year or the bank balance available on the day of Zakat? Kindly guide Jazak Allah
Ali Khan's user avatar
-1 votes
1 answer
68 views

How come all money making methods online are haram?

So recently my friend has told me due to the ayah ( يَا أَيُّهَا الَّذِينَ آمَنُوا أَوْفُوا بِالْعُقُودِ..) Which means "Quran 5:1 O you who believe fullfil contracts." Now people mention ...
Faisal Al shimary's user avatar
0 votes
0 answers
45 views

Is Kalshi haram?

Kalshi is a regulated exchange where you can trade on the outcome of real world events. They provide a place to trade event contracts. I'm not entirely sure if this is haram or not because it's not ...
user283's user avatar
0 votes
0 answers
9 views

Product segregation and pricing

Is it halal for a producer, say a farmer, to segregate his products from the same farm into lower quality and higher quality (e.g. smaller oranges vs. larger oranges) and sell them at different prices?...
S.M.'s user avatar
  • 1
1 vote
1 answer
288 views

Is loopholes are halal in islam

Is loopholes are permissible in islamic finance? I am a bussiness man someone adviced me to buy loopholes to avoid taxes and increase you bussiness rapidly..
Abdul rehman Soomro's user avatar
0 votes
0 answers
31 views

Is it usury or exploitative if the artist charged a trading fee when someone trades his arts?

I am an artist, and I make digital arts. Is it usury or exploitative if I charge a trading fee everytime someone trades my artwork on a secondary market? because there are market platforms with this ...
dude's user avatar
  • 101
0 votes
0 answers
15 views

Business agreement between a doctor and a reputed drug company is halal or haram?

I need a suggestion from you based on the following scenario: "Suppose, Dr.X is working in a private hospital. He makes a business agreement with one of the best companies of a country which ...
Bappa's user avatar
  • 1
0 votes
0 answers
5 views

Is it permissible to work in a financial brokerage house as a marketing and sales representative?

Before going to start job in a financial brokerage house I want to confirm that is it permissible or not. In a financial brokerage house I have been selected as a business development executive in ...
AHMER ASLAM's user avatar
1 vote
0 answers
27 views

Islamic financing doesn't make sense (house mortgage)?

I'm aware there are 3 types: I'll buy and then rent it to you and you pay it off slowly I'll buy it and sell it to you for higher price I'll buy and sell it loss/profit will be shared 3 and 1 are ...
Muhammad Umer's user avatar
0 votes
1 answer
23 views

Taking financial loan from islamic organization

Salam, I currently live & work in USA. I am planning to buy an apartment & wanted to take loan from an Islamic organization which claims they use profit instead of fixed interest rate to give ...
nabeel khan's user avatar
0 votes
2 answers
305 views

Is it permissible to work as a sales rep in this case?

Assalamu Alikoum I work as a sales representative (I get a commission for each deal closed) for a marketing agency and this agency promotes projects and each project is different, some projects have ...
Mohamed Bahaa Eddine's user avatar
1 vote
0 answers
13 views

Are Wildlife Conservation Bond halal shariah complaint investments?

How is the Wildlife Conservation Bond generating money to pay out the dividends? Is it Shariah complaint? Ref: https://www.worldbank.org/en/news/press-release/2022/03/23/wildlife-conservation-bond-...
Saqib Ali's user avatar
  • 111
1 vote
1 answer
78 views

Do the principles of Islamic finance apply to central banking?

Given the current situation in Turkey, I was wondering whether the principles of Islamic finance applied to central banking, as I thought they only applied to the retail banking sector, but President ...
user avatar
1 vote
0 answers
28 views

Short selling in Islamic finance

Does sharia finance allow you borrow an asset and re-sell it and then purchase it back at a later date in order to return the asset? Assume that no finance charges (interest) is charged on the ...
Jay Sidri's user avatar
  • 111
1 vote
0 answers
437 views

Working at Amazon and receiving Restricted Stock Units as compensation Halal?

Amazon includes RSUs as a part of the total employee compensation. However, the company stock is non-sharia compliant http://testblog.islamicly.com/StockReport/shariah-stock-status-report-amazon-inc-...
Uzair Ahmed's user avatar
1 vote
1 answer
119 views

What is the difference between investment and gambling?

Assalam Alaykum my dear brothers and sisters in Islam. I was recently wondering what is the difference between business investment and gambling in Islam? Since as far as I know investing in businesses ...
user avatar
2 votes
0 answers
106 views

Is Day trading (cryptocurrency) haram?

I've read that buying and selling of something you don't possess is haram however cryptocurrency is different than stocks trading as you don't have to wait for t+2 days for the settlement of the stock....
Masood Khan's user avatar
0 votes
1 answer
41 views

Be Under An Obligation(Owe)

Assalamualakum! I'm in big trouble!{Please consider my language.English isn't my first language.} I am a family man who in most cases have to look after the affairs of the family. Even though I am the ...
Mehedi's user avatar
  • 31
0 votes
0 answers
37 views

Is giving equity in exchange of debt riba?

on shark tank you often see deals where an investor say I'll give you $100k as debt. But i'd like 5% equity in company as well. equity is taken right away. debt is paid over time. from one perspective ...
Muhammad Umer's user avatar
3 votes
1 answer
9k views

Is crypto future trading halal or haram?

I recently started exploring crypto and noticed that exchange like Binance.com offers future trading on their platform. So I want to know if this is halal or haram? Binance clearly mentioned in their ...
Iftikhar uddin's user avatar
0 votes
1 answer
751 views

What exactly is "shuf'ah"?

What is "shuf'ah" in Islamic sharia? I kindly inquiry for 3 example cases that illustrate shuf'ah, for better understanding.
user avatar
1 vote
0 answers
58 views

Compound interest=usury?

Usury/Riba is without doubt forbidden in Islam. All contention concerning usury has only ever been about which types of transactions can be categorised as either ill earned or justly earned. Compound ...
Hisham's user avatar
  • 549
1 vote
0 answers
116 views

Selling and buying back stock holdings on the same day

I know short selling is haram because selling whats is not in my posession yet is not permissible, but I am not able to find if these boundary level conditions fall in permissible or not permissible ...
Kamran Ahmed's user avatar
1 vote
1 answer
1k views

Shariah Compliant Investment Holding Term/Duration

I've referred to a lot of blogs, articles and documentation about shariah compliance in stock market investments but have failed to find the limits about the minimum duration to hold on a stock before ...
Kamran Ahmed's user avatar
1 vote
1 answer
92 views

Is loan / finance job is halaal for muslim?

Assalam u alaikum My husband is working as an ASM in a financial company from last 15 years. As l had gone through quraan translation i came to know that direct/ indirect riba, people who make entry ...
user34959's user avatar
-1 votes
1 answer
1k views

Is Etoro Halal?

They have an Islamic account as well : https://www.etoro.com/customer-service/islamic-account/ My doubt is mainly around CFDs (contract for differences).
Omar Shabab's user avatar
1 vote
1 answer
262 views

Dealing in Interest while Living in a Non-Muslim Country

If a person lives in a country which has an interest based banking system then is he not allowed to work in any company or institution then? As all companies will comply with the government rules ...
user avatar
1 vote
0 answers
96 views

Is exchanging currency through internet is considered as "hand to hand"? [closed]

Salam Aleikom, Islam has put two rules when exchanging currency, which one of them is that it should be hand to hand transaction. These days people are using internet and mobile applications, this ...
Adel M's user avatar
  • 11
1 vote
0 answers
25 views

What concept(s) does the Islamic jurisprudence offer to save a person from ruining himself and his family?

In some of the ahadith which quotes testaments and limits a testament part to one third of the wealth of a person. The Prophet () warns a sahabi not to leave his inheritors (children) poor due to his ...
Medi1Saif's user avatar
  • 45.6k
2 votes
0 answers
97 views

Does one have a profit in an Islamic banking system?

Usually when you open an account in a bank they try to attract you with interest. My question is how so called Islamic banks can -likewise- offer their customers, especially as riba (and interest is ...
Medi1Saif's user avatar
  • 45.6k
2 votes
1 answer
614 views

Is there a difference between taxes and customs in Islam?

هل هناك دليل شرعي يخرج الضرائب من المكوس ذات العقوبة العظيمة في الإسلام؟ هل فرض النبي أو أحدا من الخلفاء دفع مال علي المسلمين غير الزكاة؟ Is there evidence that makes taxes different than customs ...
Omar's user avatar
  • 51
2 votes
0 answers
173 views

Is a UK university student loan riba, and if so, is it "necessary" if I have no other means to pay for education or to provide for my family?

I’ve heard student loans deemed as Ribaa. However, for a UK university student loan, the conditions are documented: How much you repay You pay back 9% of your income over the minimum amount of: £17,...
Kever's user avatar
  • 21
2 votes
1 answer
307 views

Ethereum Casper and Proof of Stake

Ethereum is a blockchain technology that allows code to run on it called smart contracts. Its base currency is $ETH. You can think of the ethereum blockchain as a super computer that you can run ...
user avatar
2 votes
0 answers
71 views

Investing in halal company that is partnered with company planning to add leverage trading (involves interest) in the future

Salam all, I have invested in a cryptocurrency ICO (like an IPO for cryptocurrencies/crowdsale) after researching into it to find any sort of haram connections or actions taking place by the company. ...
zaid's user avatar
  • 21
1 vote
0 answers
70 views

Is earning money through Bitcoin and crypto currency mining halal? [duplicate]

Is earning money through crypto currency mining haram because most of my family members think it is interest and it is like earning money without doing work.
Shaik Mohammed Zeeshan's user avatar
1 vote
0 answers
112 views

Are jizya and zakat/sadqa the only sources for state finances in Islam?

As far as I know the Islamic state has mostly developed in the time of the caliphs and the later dynasties. But surely there must be some sources that might have guided and inspired what we now may ...
Medi1Saif's user avatar
  • 45.6k
1 vote
3 answers
3k views

Is binary option trading halal?

I want to know about binary option trading. In this trading a person predicts that if the currency goes up in the next 1 minute to 1 day, then one will buy and if one's prediction is correct one gets ...
user24304's user avatar
1 vote
0 answers
193 views

Is it halal to pay riba with riba? [duplicate]

Instead of sending unwanted income from riba towards charity, would it be halal to use the earned riba to pay the interest-only portion of a loan such as a mortgage or student loan. For example, if ...
Ali A's user avatar
  • 11
3 votes
3 answers
7k views

Are we allowed to save money in Islam?

I've heard that Allah does not like someone who stores his money and do not spend on poor. I think this is based on the verses 104:1-2: Woe to every scorner and mocker Who collects wealth and ...
Hammad Nasir's user avatar
3 votes
1 answer
2k views

Is intraday trading haraam if you convert losses to investments?

The name "intra-day trader" refers to a stock trader who opens and closes a position in a security in the same trading day. ... Day traders and intra-day traders are at the top of the risk spectrum. --...
user2757215's user avatar
10 votes
2 answers
265 views

Is Usufruct (where a loaned item produces something) a form of interest?

There is a concept called "Usufruct" (use fruit) where an item is lent, but it produces something during the period of the loan. I lease my two horses to Omar for a year while he uses my house. These ...
Clint Eastwood's user avatar
2 votes
0 answers
234 views

Is working on coporate finance like budgeting and forecasting halal or haram?

is working on corporate finance like capital budgeting, financial analysis, finance forecasting is permitted in islam. is it halal or haram?
Irshad KP's user avatar
2 votes
3 answers
12k views

If interest is haram, how can a Muslim get a house or a car in modern times?

If interest is haram, how can a Muslim get a house or a car in modern times? The prices these days are so inflated it is impossible for regular people like myself to afford the so-called basic ...
siphr's user avatar
  • 151
0 votes
1 answer
576 views

Is it ok to use Islamic donations as tax deductibles? [duplicate]

Every year I see many masjids and Islamic organizations requesting for funds. They also state the donations are tax deductible. Hence, my question is: is this permissible? Is there not a fear that ...
Ahmed's user avatar
  • 4,019
1 vote
2 answers
92 views

Resolving an issue regarding shares in a partnership business

I am seeking for a Mashoora on a issue raised due to allocating shares in a partnership business among 4 best friends. The industry was clothing and capital is 400k. I shall name the business ...
Azraar Azward's user avatar
2 votes
0 answers
232 views

Question on Murabaha (selling the product before the end of the contract period)

Assalamu alaikum All, In a Murabaha, can the Buyer/Agent of the product, who promises to buy the product from the Seller at a later point in time, sell the product to his customer (with the Seller's ...
Erly's user avatar
  • 21
1 vote
1 answer
120 views

Is an investment where I receive returns for a period of time halal?

I recently made an investment but now am uncertain if the returns are halal. Below is the agreement between me and the company. I invested a sum of money for a project in India and have a stake in a ...
Singapore_Slave's user avatar
6 votes
1 answer
536 views

What happens in a Murabaha mortgage when the seller defaults?

The question Why is Murabaha not considered Riba? discusses the theoretical difference between Murabaha and riba. I would like to know if there is any practical difference. To be concrete, let's talk ...
Erel Segal-Halevi's user avatar